The new dividend rate, amounting to $6.08 on an annualized basis, is scheduled for payment on November 10, 2026. Shareholders of record by the close of business on October 30, 2026, will be eligible for the distribution, pending a formal declaration by the board of directors during their upcoming October meeting.

This move aligns with the company’s stated long-term financial objective of returning free cash flow to its owners. While the company maintains an optimistic outlook, executives noted that performance remains subject to external pressures, including semiconductor market volatility, global trade policies, and the shifting demands of the industrial and automotive sectors.